Table of Contents:
  • pt. 1. Objectives and approaches to tax reform and simplification
  • pt. 2. Capital gains and losses
  • pt. 3. Tax treatment of capital recovery (investment credit, accelerated depreciation and amortization)--pt. 4. Tax treatment of real estate
  • pt. 5. Farm operations
  • pt. 6. Minimum tax and tax shelter devices
  • pt. 7. Pensions, profit sharing, and deferred compensation
  • pt. 8. An alternative to tax-exempt state and local bonds
  • pt. 9. Natural resources
  • pt. 10. Estate and gift tax revision
  • pt. 11. Taxation of foreign income.